Ethereum Name Service Price Hits $37.51 (ENS)

Ethereum Name Service (ENS) traded 9.9% higher against the U.S. dollar during the 1 day period ending at 10:00 AM Eastern on December 24th. One Ethereum Name Service token can now be bought for approximately $37.51 or 0.00038501 BTC on major cryptocurrency exchanges. Over the last seven days, Ethereum Name Service has traded 14.5% lower against the U.S. dollar. Ethereum Name Service has a total market capitalization of $1.32 billion and approximately $358.94 million worth of Ethereum Name Service was traded on exchanges in the last day.

Ethereum Name Service Profile

Ethereum Name Service (ENS) is a Proof-of-Work token that uses the Ethash hashing algorithm. It launched on August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 35,188,371 tokens. Ethereum Name Service’s official website is ens.domains. Ethereum Name Service’s official message board is ens.mirror.xyz. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here.

According to CryptoCompare, “The Ethereum Name Service (ENS) is a decentralised naming system built on the Ethereum blockchain, designed to map human-readable names to machine-readable identifiers. It simplifies the user experience by replacing complex Ethereum addresses with easy-to-remember names, supporting address mapping, content hashes, metadata storage, and cross-platform usability. ENS was created by Nick Johnson and Alex Van de Sande under the Ethereum Foundation and launched in May 2017.”

Buying and Selling Ethereum Name Service

It is usually not possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Name Service using one of the exchanges listed above.

ENS/USD price chart by TradingView